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Apr 18, 2013
04/13
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raise it to 70, and you fix two-thirds of the social security deficit. you can fix the remaining third by means testing the benefits. i thought that there'd be bipartisan support for that because the president has occasionally said he's for entitlement reform, but he, i think, has not shown much leadership on this. seems to be inching more towards it, but i had a meeting with him back when we used to have 47 republican senators, we sat down around a table like this with he and the vice president. this was probably a year and a half ago. and i told him precisely that, that i think we should be able to get people on pote sides of the equation -- on both sides of the equation just to, essentially, fix social security. medicare's a more difficult problem. it's $35-40 billion short, and these are problems that drive your deficit. everybody here knows this. two-thirds of the budget is entitlements. to we have another -- so we have another bill that fixes medicare. it's $35-40 trillion on the whole we do the same thing. we age the -- raise the age grawjally, we
raise it to 70, and you fix two-thirds of the social security deficit. you can fix the remaining third by means testing the benefits. i thought that there'd be bipartisan support for that because the president has occasionally said he's for entitlement reform, but he, i think, has not shown much leadership on this. seems to be inching more towards it, but i had a meeting with him back when we used to have 47 republican senators, we sat down around a table like this with he and the vice...
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143
Apr 19, 2013
04/13
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we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support programs and transition assistance programs and mental health and other counseling programs. the president's budget request continues a major drawdown of active duty and reserve strength. we have in recent years given the department numinous force shaping authorities to allow it to reduce its strength in a responsible way ensuring that the services maintain the proper force mix and avoiding grade and occupational disparities, all of which have long term affect. if sequestration continues, the result would be ore pripitous foe structe that is ou of t the requirements of our defense strategy. sequestration ha
we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support...
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71
Apr 20, 2013
04/13
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obviously, every one of us wrestle with budgets and deficits, it kind of perks up -- gives us our attention. do you want to elaborate on that a little bit? >> i guess i would say a couple of things. first, arriving at that estimate is a matter of arithmetic, not particular ingenuity. economic growth comes from growth in people, and their productivity. and immigration controls both the size of the labor force and since immigrants tend to work more and participate at higher rates than the native-born, you get labor force growth. as you've mentioned, we often get small businesses and entrepreneurs, which raise the productivity of those workers, and there are benefits to faster overall economic growth in spreading innovation through the economy and thus raising productivity further. my estimates simply look at increases in immigration and follow the research, literature and rules of thumb for the impacts on gdp and on the budget. it's not magic. it's just arithmetic. i will say that it's important to recognize, i didn't tailor that estimate to 2013, '14, '15. this bill looks like it will take s
obviously, every one of us wrestle with budgets and deficits, it kind of perks up -- gives us our attention. do you want to elaborate on that a little bit? >> i guess i would say a couple of things. first, arriving at that estimate is a matter of arithmetic, not particular ingenuity. economic growth comes from growth in people, and their productivity. and immigration controls both the size of the labor force and since immigrants tend to work more and participate at higher rates than the...
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Apr 18, 2013
04/13
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i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have implemented reforms and reduce cost. we deliver the maximum bang for the minimal manager of our citizens dollars. about one penny for our national security and global interests out of every dollar. you may give you examples of the kind of work you're doing to make the world safer. with just over $3.5 million, the bureau conflict and stabilization operations made investments leading up to the recent elections in kenya. i know that helped to prevent a repeat of the violence we saw five years ago it also provided accountability to concededodingd odin
i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have...
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Apr 20, 2013
04/13
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it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic growth affects. the last piece of what is ,appened is since that score congress has passed and the president has assign the affordable care act. my reading of this legislation is is a bipartisan commitment that those who would become registered provisional immigrants who are here illegally, would not be eligible 10,benefits not for probably not for 15. so there will not be a budgetary impact. over the longer term, there is something congress should keep on and terms of the budgetary outlook. i would be happy to discuss with you the impact of the bill in that r
it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic...